The correct answer is C. There were not many banks to finance businesses.
In 1860 the South was still predominantly agricultural, highly dependent upon the sale of staples to a world market. By 1815, cotton was the most valuable export in the United States, by 1840 it was worth more than all other exports combined. But while the southern states produced 2/3 of the world’s supply of cotton, the South had little manufacturing capability, about 20% of the railroad tracks, but only 13% of the nation’s banks.
Answer:
Trade by barter
Explanation:
This economic system is known as the oldest economic system used by humans many years before money was first printed.
In this system, individuals traded their goods for another good that they wanted. It was not uncommon to see people trade copper for wheat or to trade a donkey for a dove.
This system made people to give out what they had (which they usually had in excess) for what they wanted.
They still face racism and the fact Donald trump is our president
